IO data center sold their desert dirt to REIT for $125M

Selling off desert dirt is the latest move from the worldwide leader in software-defined data centers. Today the company announced a partnership with Carter Validus Mission Critical REIT (CVMC, REIT) who acquired a 100 percent interest in the Phoenix and Scottsdale data centers for $125M. Within this transaction, IO immediately leased back the property and … Read more